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The Resource The republic of beliefs : a new approach to law and economics, Kaushik Basu

The republic of beliefs : a new approach to law and economics, Kaushik Basu

Label
The republic of beliefs : a new approach to law and economics
Title
The republic of beliefs
Title remainder
a new approach to law and economics
Statement of responsibility
Kaushik Basu
Creator
Author
Subject
Language
eng
Summary
"[This book] argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. Why are good laws drafted but never implemented? When laws are unenforced, is it a failure of the law or the enforcers? And, most important, considering that laws are simply words on paper, why are they effective? Basu offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood. Basu summarizes standard, neoclassical law and economics before looking at the weaknesses underlying the discipline. Bringing modern game theory to bear, he develops a 'focal point' approach, modeling not just the self-interested actions of the citizens who must follow laws but also the functionaries of the state: the politicians, judges, and bureaucrats enforcing them. He demonstrates the connections between social norms and the law and shows how well conceived ideas can change and benefit human behavior. For example, bribe givers and takers will collude when they are treated equally under the law. And in food support programs, vouchers should be given directly to the poor to prevent shop owners from selling subsidized rations on the open market. Basu provides a new paradigm for the ways that law and economics interact: a framework applicable to both less developed countries and the developed world"--Book jacket
Cataloging source
YDX
http://library.link/vocab/creatorName
Basu, Kaushik
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Law and economics
  • Law and economics
Label
The republic of beliefs : a new approach to law and economics, Kaushik Basu
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 207-225) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
25 cm
Extent
xvii, 238 pages
Isbn
9780691177687
Lccn
2017962529
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Note
GOBI Library Solutions from EBSCO
Other physical details
illustrations
System control number
(OCoLC)1005125939
Label
The republic of beliefs : a new approach to law and economics, Kaushik Basu
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 207-225) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
25 cm
Extent
xvii, 238 pages
Isbn
9780691177687
Lccn
2017962529
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Note
GOBI Library Solutions from EBSCO
Other physical details
illustrations
System control number
(OCoLC)1005125939

Library Locations

    • Biddle Law LibraryBorrow it
      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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